Why the Link between Volatility and Growth is both Positive and Negative ¤

@inproceedings{Imbs2002WhyTL,
  title={Why the Link between Volatility and Growth is both Positive and Negative ¤},
  author={Jean Imbs},
  year={2002}
}
This paper uses international disaggregated data to investigate the link between volatility and growth. We ...nd the relationship to depend on the level of aggregation. At the sectoral level, volatility is associated with high growth. We use non-parametric methods to show that within activity volatility is typically associated with net entry and higher (total factor) productivity. This is consistent with the evidence that most of the process of creative destruction occurs within narrowly de… CONTINUE READING
Highly Cited
This paper has 17 citations. REVIEW CITATIONS

References

Publications referenced by this paper.
Showing 1-10 of 23 references

Estimation of Dynamic Models with Error Components

  • T. W. Anderson, Cheng Hsiao
  • Journal of the American Statistical Association,
  • 1981
Highly Influential
4 Excerpts

Stages of Diversi...cation, American Economic Review, forthcoming

  • Imbs, Jean, Romain
  • Wacziarg
  • 2002

Imperfect Competition, Market Size and Firm Turnover, CEPR Discussion

  • Asplund, Marcus, Volker Nocke
  • 2001

Who Dies? International Trade, Market Structure and Industrial Restructuring

  • Bernard, Andrew, Bradford Jensen
  • NBER Working Paper No
  • 2001

A Reassessment of the Relationship Between Inequality and Growth

  • Forbes, Kristin
  • American Economic Review,
  • 2000

Long-Term Growth and Short-Term Economic Instability

  • Martin, Philippe, Carol Ann Rogers
  • European Economic Review,
  • 2000

Sectoral Allocation in the Process of Growth

  • Cuñat, Alejandro
  • Mimeo London School of Economic and Political…
  • 2000

A Time to Sow and a Time to Reap: Growth based on General Purpose Technologies, in Elhanan Helpman, ed

  • Helpman, Elhanan, Manuel
  • Trajtenberg
  • 1998

Similar Papers

Loading similar papers…